Property Overview: 34 Beaumont Bay, Winnipeg
Key Characteristics & Appeal
This 888 sqft bungalow, built in 1954, presents a straightforward opportunity in Winnipeg's Maybank neighbourhood. Its primary appeal lies in its relative affordability and established location. The home sits on a modest 3,518 sqft lot and has an assessed value significantly below both the neighbourhood and city averages, indicating a potentially lower entry point for buyers.
The data reveals some nuanced perspectives. While the living space is slightly below average for the immediate street, the home is one of the oldest on Beaumont Bay, which can suggest a well-established streetscape but also implies a greater need for attention to maintenance and updates. Its value proposition is clear when scaled up: it ranks much more competitively on its own street than it does when compared to the wider city, highlighting it as a typical, affordable option within this specific community.
This property would best suit a first-time homebuyer, a practical downsizer, or an investor looking for a manageable rental property. It’s for those who prioritize location and lot ownership over square footage, and who are prepared for the realities and potential costs of maintaining a 72-year-old home. The buyer should be value-conscious and see potential in a home that is average for its immediate block but stands out as an affordable option in the broader market.
Frequently Asked Questions
1. Is this a good value for the money?
Based on its assessed value being below area averages, it appears to be a competitively priced entry point into the neighbourhood. The sold price range from 2021 suggests a history of affordability, but the exact value will depend on the home's current condition and market timing.
2. What should I know about the age of the home?
Built in 1954, it is among the older homes on the street. This typically means potential for charming character but also a higher likelihood of aging infrastructure (like plumbing, electrical, or the roof) needing inspection and possible updating.
3. How does the lot size impact the property?
At just under 3,500 sqft, the lot is smaller than many in Winnipeg. This means lower maintenance for yards and gardening, but also less private outdoor space and limited potential for expansions like a large addition or garage, depending on zoning.
4. Why is the assessed value so much lower than the city average?
This reflects the home’s smaller size, older age, and the generally more affordable property values in this specific area compared to the Winnipeg-wide average. It’s a function of the local market, not necessarily an indicator of the property's condition.
5. How can I find out the exact past sale prices?
The provider notes that exact sold prices are verified manually from their records. You can request this detailed history by submitting your email address through the form on the listing page; they state they do not use the contact information for unsolicited marketing.